Market Overview - Page 98

The markets are preparing for the next Fed decision, the publication of which and subsequent Chairman Powell’s comments have the potential to trigger sharp market moves and set the tone for the days or even weeks ahead. The rate futures.

Canadian consumer prices fell 0.3% in August, the first decline this year and the strongest since May 2020. The annual rate of price growth fell from 7.6% to 7.0%. The USDCAD pair turned sharply higher a week ago after briefly.

Inflation in Germany continues its hike far beyond the charts. The deceleration of the monthly price growth rate in May and June proved deceptive, followed by a surge of 5.3% for July and 7.9% for August. The annual rate of.

WTI oil suffered an intraday drop of more than 4.5% to $81.70 yesterday but managed to regain all losses by the end of the day, trading now at $85.40. The $85 area has repeatedly acted as the Rubicon since 2007..

Gold’s timid attempts to push back from the lower end of a more than two-year range were foiled by a stiff market reaction to US inflation statistics. Gold plunged to $1660 on Friday, rewriting its low from April 2020, while.

Preliminary estimates from the University of Michigan indicate that inflation expectations in the USA continue to normalise in September. Inflation in the “next year” is estimated at 4.8% compared to 4.8% a month earlier and a peak of 5.4% in.

A package of retail sales statistics in Britain appears to have removed the last layer of support for the Pound, sending it into a dive. GBPUSD earlier today renewed its lows since 1985, dropping to 1.1350. Fresh data showed a.

China’s data package released this morning exceeded expectations in countering the worsening market sentiment. Official data showed a 5.4% y/y rise in retail sales in August compared to the expected 3.8%. The retail sector has benefitted from pent-up demand after.

According to a new Eurostat publication, the eurozone’s seasonally adjusted foreign trade deficit widened to 40bn in July. Since last October, the region has found itself in the unfamiliar role of a net importer. That is a notable reversal after.

US commercial oil inventories rose by 2.4M barrels last week following an increase of 8.8M earlier. This dynamic fits in with seasonal trends, with inventories starting to fill at some point in September. Around the same time and volume levels,.

Market picture Bitcoin has lost 1.2% in the last 24 hours, trading at $20.1K. The plunge below a meaningful round level late Wednesday afternoon did not last long. Ethereum pulled down 0.3% to $1610 while the crypto community awaits the.

Yesterday we wondered whether the dollar retreat was a correction or a reversal. But the reaction of the financial markets to the US inflation report has put everything in its place by confirming that we are still in a bull.